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Approximate location based on the property address.
48 Gibbons Ave
Petersburg, VA 23803
Petersburg / None
Bedrooms
0
Bathrooms
0
Square Feet
1,082
Comparable properties in Petersburg, VA
Schedule a private showing or get answers to your questions from one of our Virginia real estate specialists.
Lot Size
N/A
Year Built
1954
Property Type
Multi Family
Garage
None
HOA
None
MLS# 1158758750
Turnkey Investment Offering Strong In-Place Cash Flow in a Rapidly Improving Market. Over the past two years, the current ownership has executed a comprehensive renovation strategy, transforming these assets from distressed condition into well-positioned, income-producing properties. Capital improvements include updated interiors, LVP flooring, modernized kitchens and baths, and the installation of central HVAC systems across all homes—a significant upgrade for this asset class. Most units also feature washer/dryer hookups, further enhancing tenant appeal and long-term retention. The portfolio is currently 100% occupied, generating strong in-place rental income with an attractive average rent per unit. This offering provides investors with day-one cash flow supported by a stabilized rent roll, while minimizing near-term capital expenditure risk due to recent renovations. Strategically located just south of Richmond, Petersburg continues to gain momentum as an emerging investment market. The area benefits from increasing renter demand driven by affordability, accessibility to major employment centers, and ongoing economic development initiatives—including the planned Live! Casino & Hotel Virginia project and continued revitalization of the historic downtown corridor. These factors position the market for continued rent growth and long-term appreciation. This portfolio presents an ideal opportunity for investors seeking scale in a growing submarket, with the ability to capture both strong yield and future upside. Whether for a private investor or a group looking to expand a single-family rental platform, this offering delivers a compelling combination of stability, quality, and growth potential.
Listed by Justin Sledd of One South Commercial LLC
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Justin Sledd
One South Commercial LLC
Agent confirms within 15 minutes